The Best One Yet 🙅 “Cancel Your Internship” — Top-Paid Internships. Momofuku’s Chef-to-Shelf Strategy. Why Stocks hit ATHs.
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Jun 30, 2025 Discover how the U.S. stock market defies economic chaos to reach all-time highs, driven by interest rate cuts and investor resilience. Explore Momofuku's pivot from Michelin-star dining to grocery aisles, turning chefs into retail icons. Learn why internships are taking a hit but some top-paid gig opportunities beckon a change in strategy. Plus, catch a glimpse of an upcoming live show event that promises to blend business insights with entertainment!
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Stocks Defy Global Crises
- Despite multiple global crises and economic headwinds, US stocks hit record highs as investors shrug off fears.
- Factors such as the bluff of the trade war, expected interest rate cuts, corporate profits, and limited alternatives to US stocks explain this phenomenon.
Momofuku's Chef-to-Shelf Journey
- Jack and Nick once celebrated their first sponsorship deal by feasting on Momofuku's $250 Bosaam pork shoulder.
- Momofuku transitioned from Michelin-starred restaurants to selling packaged sauces and noodles in grocery stores, growing sales to $68 million.
Aspiration Meets Accessibility
- Chef Dave Chang proved that luxury brands can maintain exclusivity while expanding accessibility through grocery products.
- This shift challenges the myth that aspirational brands must be hard to get, doubling business through mass presence.